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The simple IS-LM model with credit rationing

โœ Scribed by Roland Buck

Publisher
Springer US
Year
2002
Tongue
English
Weight
197 KB
Volume
8
Category
Article
ISSN
1083-0898

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๐Ÿ“œ SIMILAR VOLUMES

A dynamic IS-LM business cycle model wit
A dynamic IS-LM business cycle model with two time delays in capital accumulation equation
โœ Lujun Zhou; Yaqiong Li ๐Ÿ“‚ Article ๐Ÿ“… 2009 ๐Ÿ› Elsevier Science ๐ŸŒ English โš– 449 KB

In this paper, we analyze a augmented IS-LM business cycle model with the capital accumulation equation that two time delays are considered in investment processes according to Kalecki's idea. Applying stability switch criteria and Hopf bifurcation theory, we prove that time delays cause the equilib